Lagardere to get a 33% stake in Aerospatiale after merger

Article Abstract:

The French government announced the terms of the long awaited merger of state-owned Aerospatiale SA with the Matra defense unit of Lagardere Group, with Lagardere paying up to two billion French francs ($342 million) for a 33% stake in the combined company. An additional 20% of the merged group will be floated in the first half of the year, while the French state will retain 47% of the new company. The merged company will be a major player in the defense industry with annual sales of roughly 80 billion francs and is expected to be valued between 7.6 billion euros and 8.5 billion euros ($8.5 billion and $9.5 billion).

Acquisitions & mergers, Guided Missile and Space Vehicle Manufacturing, Guided Missiles, Space Vehicles, Parts, Missiles, Space Vehicles & Parts, Mergers, acquisitions and divestments, Aerospace industry, Lagardere Groupe S.A., Space vehicles industry

---

Airbus revamp hits snag in French demand for 50%

Article Abstract:

Aerospatiale S.A. of France has demanded 50% of any centralized version of Airbus Industrie, bringing negotiations between the four Airbus partners to a standstill. Aerospatiale was concerned that it would tend to be outvoted on the new Airbus company board if Airbus partners Dasa and British Aerospace PLC merge their defense interests. A Dasa spokesman said that Aerospatiale was offered 50% of voting rights in the new Airbus company, but said that Aerospatiale insisted on 50% of actual shares.

Comment:

Aerospatiale S.A. of France has demanded 50% of any centralized version of Airbus Industrie, bringing negotiations between the four Airbus partners to a standstill.

Strategy & planning, Aircraft & Parts, Aerospace Product and Parts Manufacturing, Abstract, Airbus S.A.S.

---

Similar abstracts:

• Abstracts: Airbus hints it plans 100-seat jetliner. European aerospace firms' revenue increased 17% in 1997 on export growth
• Abstracts: Package is key to Bits & Bites revival. Nabisco revamps entire Primo line
• Abstracts: Orangina rejects PepsiCo's new offer. Coca-Cola ads designed to restore faith in brand. Gucci will vote on adding LVMH nominee to board
• Abstracts: Russian crisis bottles up plans to grow by Turkey's Efes invest. Enka suffers in exposure to Russia
• Abstracts: Rolls-Royce posts 16% rise in earnings. Cordiant aims to increase acquisition of agencies

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.